Posts Tagged ‘Family Foundation’
Gentrification of Philanthropy
The current transition to older more affluent donors away from younger less affluent donors is the gentrification of philanthropy. Powerful tools make charitable deductions available to a larger number of taxpayers.
Read MoreCharitable Remainder Trust
A Charitable Remainder Trust is a way to give something to Charity in the future, while retaining the income during one’s lifetime. There are different types. The Numbers let you know if it will work for you. Timing is everything. The charity can be your own Family Foundation
Read MoreDonor Advised Fund Family Foundation
What is a Donor Advised Fund? A Donor Advised Fund (or “DAF”) is the quickest, easiest, and most cost effective way for anyone to establish a charitable Family Foundation. Among other benefits, it enables families to focus on the fun and meaningful activities (charitable giving), and outsource the tedious issues (accounting, IRS compliance, tax reporting,…
Read MoreDon’t Create a Nasty Trust Fund Baby
The Danger of the “Trust Fund Baby” I was interviewed about the trust fund baby problem by SuccessCouncil.com after my presentation at FreedomFest (2015). Success Council was interested in getting some practical advice on how to help children inherit wealth without harming themselves, their family and their community. They had a camera on hand and recorded…
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